Biden says recession is not inevitable but acknowledges economic pain: 'This is going to be a haul'
CNN
President Joe Biden said Monday he believes a recession in the US is not inevitable but acknowledged the economic pain that Americans are feeling amid high inflation, supply chain shortages and the geopolitical earthquake caused by Russia's invasion of Ukraine.
The President argued the US has made "significant progress" in its recovery from the coronavirus pandemic, which he said has put America in a better position than other countries around the globe struggling with the same issues. But he predicted it would take time to fully recover, saying, "This is going to be a haul. This is going to take some time."
"Our GDP is going to grow faster than China's for the first time in 40 years. Now does that mean we don't have problems? We do. We have problems that the rest of the world has, but less consequential than the rest of the world has because of our internal growth and strength," Biden said at a news conference in Tokyo.
A majority of the Supreme Court appeared likely to uphold a controversial ban on TikTok over concerns about its ties to China, with justices lobbing pointed questions at lawyers for the social media app and a group of its content creators.
Prosecutors seek 15 years in prison for former New Jersey Sen. Bob Menendez after bribery conviction
Prosecutors say former US Sen. Bob Menendez should be imprisoned for 15 years, after the Democrat from New Jersey became the first to be convicted of abusing a Senate committee leadership position and the first public official to be convicted of serving as a foreign agent.
Greenland’s leader said on Friday he had not been in contact with incoming US president Donald Trump, who has said he wants control over the Arctic island, and urged everyone to respect Greenland’s wish for independence.
Donald Trump was sentenced without penalty in the New York hush money case Friday after a symbolic – and historic and unprecedented – hearing following the first felony conviction of a former and soon-to-be sitting president.
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.
Venezuela’s Nicolas Maduro was sworn in for a third presidential term after an election the opposition says was rigged.
Woman who stabbed classmate to please Slender Man can be released from psychiatric hospital
Public support for the man accused of killing UnitedHealthcare CEO Brian Thompson raises the possibility of a legal result in the gray area of American law.
Chinese hackers breached the US government office that reviews foreign investments for national security risks, two US officials familiar with the matter told CNN.
A Canadian “Super Scooper” aircraft fighting the Palisades Fire in Los Angeles had to be grounded after it hit a drone flying in restricted airspace over the devastating blaze on Thursday, the local fire department said.
As residents in the Los Angeles area grapple with the ongoing realities of the devastating wildfires ravaging the densely populated metropolis nestled between the Pacific Ocean and mountain ranges, several iconic landmarks and beloved local institutions have fallen victim to the flames.